Citigroup Issues Positive Forecast for EQT (NYSE:EQT) Stock Price

EQT (NYSE:EQT - Free Report) had its target price lifted by Citigroup from $51.00 to $60.00 in a research note issued to investors on Monday morning,Benzinga reports. The firm currently has a buy rating on the oil and gas producer's stock.

Other research analysts have also issued reports about the stock. StockNews.com raised shares of EQT from a "sell" rating to a "hold" rating in a research report on Friday, March 14th. Scotiabank lowered shares of EQT from a "sector outperform" rating to a "sector perform" rating and lowered their price objective for the stock from $55.00 to $54.00 in a research report on Friday, January 17th. Mizuho raised shares of EQT from a "neutral" rating to an "outperform" rating and boosted their price objective for the company from $48.00 to $57.00 in a research note on Monday, December 16th. The Goldman Sachs Group reaffirmed a "reduce" rating on shares of EQT in a research note on Wednesday, February 12th. Finally, Jefferies Financial Group boosted their price target on shares of EQT from $45.00 to $55.00 and gave the stock a "buy" rating in a research note on Friday, January 3rd. One analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $54.50.

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EQT Stock Performance

Shares of NYSE:EQT traded down $0.57 on Monday, reaching $53.16. 2,486,147 shares of the company's stock were exchanged, compared to its average volume of 7,249,947. The company has a fifty day moving average of $51.17 and a 200-day moving average of $43.99. EQT has a twelve month low of $30.02 and a twelve month high of $56.66. The company has a current ratio of 0.70, a quick ratio of 0.51 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $31.76 billion, a price-to-earnings ratio of 132.93, a PEG ratio of 0.64 and a beta of 1.12.

EQT (NYSE:EQT - Get Free Report) last issued its quarterly earnings data on Tuesday, February 18th. The oil and gas producer reported $0.69 EPS for the quarter, beating the consensus estimate of $0.50 by $0.19. The business had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.81 billion. EQT had a net margin of 4.37% and a return on equity of 4.35%. On average, research analysts predict that EQT will post 3.27 EPS for the current fiscal year.

EQT Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th were given a dividend of $0.1575 per share. This represents a $0.63 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date was Tuesday, February 18th. EQT's payout ratio is 157.50%.

Institutional Trading of EQT

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Truvestments Capital LLC bought a new position in EQT in the third quarter worth about $30,000. Quarry LP raised its holdings in EQT by 184.7% in the third quarter. Quarry LP now owns 891 shares of the oil and gas producer's stock worth $33,000 after buying an additional 578 shares during the last quarter. Brown Brothers Harriman & Co. bought a new position in shares of EQT in the third quarter worth approximately $36,000. Financial Avengers Inc. grew its holdings in shares of EQT by 100.8% during the third quarter. Financial Avengers Inc. now owns 1,004 shares of the oil and gas producer's stock valued at $37,000 after buying an additional 504 shares during the last quarter. Finally, University of Texas Texas AM Investment Management Co. increased its position in shares of EQT by 47.7% during the fourth quarter. University of Texas Texas AM Investment Management Co. now owns 960 shares of the oil and gas producer's stock valued at $44,000 after acquiring an additional 310 shares in the last quarter. Hedge funds and other institutional investors own 90.81% of the company's stock.

EQT Company Profile

EQT Corporation operates as a natural gas production company in the United States. The company sells natural gas and natural gas liquids to marketers, utilities, and industrial customers through pipelines located in the Appalachian Basin. It also offers marketing services and contractual pipeline capacity management services.